TheSignalyst

SOL - Please Don't Stop The Music 🎡

Long
BINANCE:SOLUSDT   SOL / TetherUS
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

πŸ“ˆ SOL has been overall bullish, trading within the rising channel in red.

Currently, SOL is hovering around the lower bound of the channel acting as a non-horizontal support.

Moreover, it is retesting a strong support zone at 100.0 marked in green.

🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline.

πŸ“š As per my trading style:
As #SOL is around the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

πŸ“‰ Of course, unless the 100.0 support is broken downward, then we will expect the bearish correction to start.

πŸ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
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